Cosmos (ATOM) Faces Rejection Near the $9.00 Mark
Login

Cosmos (ATOM) Faces Rejection Near the $9.00 Mark

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



The Cosmos token has moved further today by an additional 3.06%. This has been the most significant move observed among the top three daily crypto movers. However, the token remains in the second spot, seemingly due to encountering resistance in its price trajectory. Let’s examine this market more closely.

ATOM Statistics:
Current Cosmos Value: $8.70
Cosmos Market Cap: $3,409,690,508
ATOM Circulating Supply: 390,930,671
Cosmos Total Supply: 390,930,671
Cosmos CoinMarketCap Rank: 29

Key Price Levels:
Resistance: $9.00, $10.50, and $11.50
Support: $8.00, $7.00, and $6.00.

Cosmos (ATOM) Faces Rejection Near the .00 Mark Previous Gains Keep the ATOM Market on an Upside Trajectory

The Cosmos daily market, as mentioned earlier, experienced significant price growth yesterday. Today’s trading activities have deviated slightly from that trend, with the market undergoing a minor correction.

Nevertheless, the cryptocurrency continues to trade above the green Guppy Multiple Moving Average (GMMA) curves. The Stochastic Relative Strength Index (SRSI) lines are still pointing upwards into the overbought region, despite the minor downward rejection. Consequently, it appears that the overall trend may persist.

Cosmos (ATOM) Faces Rejection Near the .00 Mark Cosmos Seems Ready to Keep Trending Upward

The 4-hour ATOM market indicates that upside forces may be regaining strength. A new session has commenced favorably for buyers and holders, maintaining trading levels above the green GMMA indicator lines.

The SRSI indicator lines have continued to rise into the overbought region. The current session’s appearance, along with the SRSI indicator lines, suggests that further upward movements may occur in this market. Consequently, this implies that crypto signals targeting around the $9.20 mark may still be applicable in this market.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News